June 15, 2017
Element AI Raises $102M To Add Employees, Invest In Startups,...
Element AI, a Montreal-based AI platform and incubator that is aiming to be the place for all companies that want to build or add AI into their businesses, has raised...
June 15, 2017
Execs Learning To Trust Artificial Intelligence Security Systems
Radware, a leading provider of cybersecurity and application delivery solutions, released the results of its 2017 Executive Application & Network Security Survey, which shows that executives in the U.S. and...
June 14, 2017
AI Startup Cognitive Scale Gets USAA Backing
The USAA (United Services Automobile Assn.) has invested in artificial intelligence startup CognitiveScale for an undisclosed sum, bizjournals.com reported. Though this latest funding was not quantified (and as a result it is...
June 14, 2017
US Considers Restricting China AI Investment
There’s been a simmering spat between the United States and China centered on national security and technology investments and where the two intersect. Might the simmer become a full-fledged boil?...
June 13, 2017
AI/BOT: Man Versus Artificial Intelligence
Since the advent of technology, the age-old battle of man versus machine has been an issue. Whether it’s televisions entering homes in the mid-20th-century or personal computers coming onto the...
June 13, 2017
Ditching FICO, And Finding Another Path To SME Loans
The struggle of small business borrowing is well documented. Indeed, it’s the underlying reason why the alternative SME lending industry exists. But even alt-lenders have their limitations when trying to...
June 12, 2017
Softbank Buys Robotics Company Boston Dynamics From Google
SoftBank, the Japanese telecommunications company, announced late last week a subsidiary of SoftBank has entered into a definitive agreement to acquire robotics pioneer Boston Dynamics from Alphabet. In a press...
June 09, 2017
AI/Bot: Dole’s Secret Artificial Intelligence Weapon
Artificial intelligence (AI)–assisted technologies have been on the rise over the past few years. From virtual personal assistants to video games, smart cars, online customer support, and music or movie...
June 09, 2017
Beanworks Looks to Help Businesses Update Outdated Accounting Technology
In payments and FinTech, it’s often the startup’s job to disrupt an industry with many legacy businesses, outdated technologies and processes. That’s especially true in corporate accounting, says Beanworks CEO...
Generative AI’s use in the telecommunications industry is increasing, with 87% of telecom executives seeing its potential to enhance customer relations and experience, but 68% of telecoms also admit they are insufficiently addressing the risks associated with the technology. The latest edition of the “Generative AI Tracker®,” a collaboration with AI-ID, examines why three-quarters of telecoms see a need to do more to combat AI fraudsters, underscoring the tension between innovation and robust security.
Although authorized party fraud accounts for only 37% of FIs’ fraud losses in dollars, these types of attacks are the most likely to impact customer satisfaction and retention — something FIs cannot overlook. PYMNTS Intelligence’s latest 29-page report, “Leveraging AI and ML to Thwart Scammers,” a collaboration with Hawk, contains 8 charts of proprietary data examining the role of ML and AI to help keep fraudsters from getting the upper hand